Benefits of Company Registration in Oman

A company registration in Oman gives benefits to expats like free trade zones, tax exemptions and government special land allocation with incentives to prominent investors.

According to the World Economic Forum, Oman has proved themselves in the international playground and their

Oman has investment opportunities and tremendous commercial connectivity. The Ministry of Commerce and Industries look for innovative ways to support entrepreneurs and businesses to excel and succeed. macroeconomic environment is highly ranked in the top 20 countries of the world.

Oman is the best place for settling as an expat family. Their government makes it easy to settle, offers freehold properties options along with property rights giving high security, accompanied with a safe environment.

New regulations have been set for properties usufructing the mortgage system that permits foreigners to have long term properties for 99 years and to boost the real estate sector.

Art infrastructure in the country makes them easier to commute and transport to Oman. They have many airports in certain regions to facilitate transport and connect between cities.

Oman provides various trade licenses. On the basis of Omani law, investors benefit from an LLC set up, free zone set up, Open Joint Stock Company and Closed Joint Stock Company.

These kinds of facilities permit investors to select the projects and activities of their choice. LLC is the popular Trade License that is used in Oman.

Oman Tax Environment

Oman has an investor-friendly tax environment for businesses. Oman doesn’t include tax for business owners, and for personal income.

Oman gives an exchange of taxes across the countries. The LLC Company of Oman has the corporate tax of 15% flat. Oman introduced the VAT system with just 5% in April 2021.

Free zone companies can benefit from a complete tax exemption for 50 years. Goods and trading across the GCC moves for custom free.

Cost Of Oman’s Trade License

Starting price for a trade license in Oman is 3,200 OMR. There are three different kinds of free zones today, and each differs from the other.

For instance, the general trading license cost can be as follows:

• Registration cost for Salah or Sohar Free Zone-3000 OMR annually.
• Registration cost for KOM-2200 OMR Annual.
• Registration cost for SEZD-1200 OMR Annual.

All license costs have to factor with consultant fees for setting up a company in Oman.

Originally posted 2021-11-22 04:19:29.